Export prices declined by $2-5/MT due to the weakening Thai baht. Iran concluded deals last
week for 130,000 tons of white rice under the Government-to-Government contract and around
60,000 tons with private exporters. Iran will reportedly send their own vessels to acquire the rice
and avoid the ongoing issue of tight vessel schedules. Overall container costs remain high and are
expected to increase in the coming months.
Tuesday, 31 July 2007
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